Blackline Inc (NASDAQ:BL) Insider Mario Spanicciati Sells 7,765 Shares

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Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 7,765 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $54.04, for a total value of $419,620.60. Following the completion of the sale, the insider now directly owns 19,512 shares of the company’s stock, valued at $1,054,428.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Mario Spanicciati also recently made the following trade(s):

  • On Wednesday, November 27th, Mario Spanicciati sold 8,046 shares of Blackline stock. The shares were sold at an average price of $54.03, for a total value of $434,725.38.

NASDAQ BL opened at $52.45 on Tuesday. The business has a 50 day simple moving average of $49.75 and a 200 day simple moving average of $50.09. Blackline Inc has a 52-week low of $36.85 and a 52-week high of $56.29. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -201.73 and a beta of 0.81.

Blackline (NASDAQ:BL) last posted its earnings results on Wednesday, November 6th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $74.93 million during the quarter, compared to analysts’ expectations of $72.33 million. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%. Blackline’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. On average, analysts predict that Blackline Inc will post -0.21 EPS for the current year.

A number of analysts recently issued reports on BL shares. TheStreet raised Blackline from a “d+” rating to a “c” rating in a research note on Monday, October 28th. BidaskClub raised Blackline from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Piper Jaffray Companies started coverage on Blackline in a research note on Monday, November 25th. They set a “neutral” rating and a $60.00 target price for the company. ValuEngine cut Blackline from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research cut Blackline from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $54.00.

Institutional investors and hedge funds have recently modified their holdings of the company. Squar Milner Financial Services LLC grew its stake in shares of Blackline by 661.2% during the 3rd quarter. Squar Milner Financial Services LLC now owns 784 shares of the technology company’s stock worth $37,000 after acquiring an additional 681 shares in the last quarter. Aperio Group LLC bought a new position in shares of Blackline during the 2nd quarter worth approximately $38,000. FTB Advisors Inc. grew its stake in shares of Blackline by 65.3% during the 2nd quarter. FTB Advisors Inc. now owns 911 shares of the technology company’s stock worth $48,000 after acquiring an additional 360 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Blackline by 183.0% during the 2nd quarter. Captrust Financial Advisors now owns 1,016 shares of the technology company’s stock worth $54,000 after acquiring an additional 657 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Blackline by 3,971.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,140 shares of the technology company’s stock worth $61,000 after acquiring an additional 1,112 shares in the last quarter. 91.37% of the stock is owned by institutional investors.

About Blackline

BlackLine, Inc provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities.

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Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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